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Stock impact report

Siyata Mobile Announces Second Quarter Financial Results [Yahoo! Finance]

Siyata Mobile, Inc. - Common Shares (SYTA) 
Company Research Source: Yahoo! Finance
Nasdaq: SYTA Siyata " or the " Company "), a global developer and vendor of Push-to-Talk over Cellular (PoC) handsets and accessories, today announced its financial results for the three months ended June 30, 2024 Marc Seelenfreund , CEO of Siyata, said, "Second quarter revenue growth was tempered in large part due to the timing of the delivery of customer orders. However, we have a backlog of more than $7 million of confirmed orders, which gives us strong visibility into the second half of 2024. As such, we expect the third quarter will be a break-out quarter with high double digit year-over-year growth as the delivery of orders accelerates. We have achieved 'stocked' status for our SD7 handsets with four of the largest North American cellular carriers and continue to tap into new vertical markets reinforcing a growth trajectory that extends into 2025 and beyond." Key financial highlights for the three months ended June 30, 2024 Revenues were $1.6 million compared to $2.7 milli Show less Read more
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